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"China’s airlines are the largest user of the Boeing 737 MAX 8 aircraft, which also caused us the biggest loss during the incident,” said Liu Shuguo, secretary-general of the association. “We will actively support and assist member companies with their compensation claims.”

"Chinese companies have participated in some heavyweight projects in Italy," he said, adding that China and Italy will soon renew the action plan for cooperation, which expired at the end of last year.

"Consumers nowadays have become increasingly sophisticated and therefore look for value before paying a premium price," Li said.

"Currently, Chinese people are ushering in an era of consumption upgrades that attached more importance to development and enjoyment, providing strong support to create a robust domestic market," said Wang Yun, director of the consumption office of the economics institute at the China Academy of Macroeconomic Research.

"Chinese tourists are seeking more personalized experiences while traveling abroad. They are more willing to slow down the pace of life and enjoy in-depth and tailored trips, encouraged by their growing spending power and evolving tastes," said Dai Bin, director of the China Tourism Academy.